DRYER VENT WIZARD SPV LLC • DELAWARE
DRYER VENT WIZARD
FRANCHISE
INSURANCE
Do you know whether the policy in your file would actually protect what you built — or just satisfy the form your franchisor asked for? Those are two different things.
Here is the moment most Dryer Vent Wizard owners never plan for. A customer's dryer overheats and catches fire 60 days after your technician cleaned the vent. The fire marshal blames lint buildup. The customer's lawyer argues your cleaning was inadequate. Your work is finished, your invoice is paid, and now the claim lands on the work you already walked away from.
You cleaned a fire hazard out of that home. That is the service. It is also the exposure. A claim tied to a fire after the job is not a job-site accident — it is a completed-operations dispute, and it surfaces months after the truck leaves.
You drained savings and signed a personal guarantee to open this location. The franchise agreement tells you what to carry to satisfy Dryer Vent Wizard SPV LLC. That is the floor. Here is where the requirement ends before your real risk does.
Dryer Vent Wizard SPV LLC
JUMP TO SECTION
COMPLIANCE REQUIREMENTS
REQUIRED BY FDD
THE FIRE CLAIM THAT COMES AFTER THE JOB
THE COMMERCIAL CONTRACT YOU CAN'T TAKE
CUSTOMER PROPERTY & THEFT EXPOSURE
WHAT IT COSTS (AND THE AUDIT)
BEYOND THE MINIMUM
FAQs
$1,000,000 per occurrence
GENERAL LIABILITY
Combined single limit no less than $1,000,000, up to $2,000,000
COMMERCIAL AUTO
Required regardless of state law; coverage as required by state law
WORKERS' COMPENSATION
$500,000 per claim and in the aggregate
CYBER LIABILITY
Comprehensive Employee Dishonesty and Employee Theft
COMMERCIAL CRIME
ON THIS PAGE
COMPLIANCE REQUIREMENTS
REQUIRED BY FDD
THE FIRE CLAIM THAT COMES AFTER THE JOB
THE COMMERCIAL CONTRACT YOU CAN'T TAKE
CUSTOMER PROPERTY & THEFT EXPOSURE
WHAT IT COSTS (AND THE AUDIT)
BEYOND THE MINIMUM
FAQs
PRE-BIND CHECKLIST
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· Neighborly Brand Insurance Requirements
FRANCHISEE QUESTIONS
FREQUENTLY ASKED QUESTIONS
WHAT INSURANCE DOES A DRYER VENT WIZARD FRANCHISE REQUIRE TO OPEN?
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General liability at $1,000,000 per occurrence and $2,000,000 aggregate including products and completed operations, commercial auto, workers' compensation, cyber liability at $500,000, and crime coverage with a client's property endorsement. The franchisor must be an additional insured with a waiver of subrogation, and coverage must be primary and non-contributory.
WHAT ARE THE MINIMUM INSURANCE LIMITS FOR AN EXTERIOR HOME SERVICES FRANCHISE?
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For Dryer Vent Wizard, the GL floor is $1,000,000 per occurrence and $2,000,000 aggregate, with auto at no less than $1,000,000 combined single limit. Other exterior brands vary, so always read your own FDD.
HOW DO I BECOME COMPLIANT WITH NEIGHBORLY'S INSURANCE REQUIREMENTS FOR THIS TRADE?
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Carry the exact limits in the FDD, name Dryer Vent Wizard SPV LLC and its affiliates as additional insured, add the waiver of subrogation, make the policy primary and non-contributory, and deliver a certificate of insurance at commencement and annually after.
DOES MY FRANCHISOR REQUIRE A SPECIFIC INSURANCE PROGRAM OR CAN I CHOOSE MY OWN CARRIER?
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The FDD reserves the right to designate a primary or single source for coverage. You may also satisfy the limits through your own carrier rated A-VIII or better. Confirm current direction with your franchise representative.
WHAT ENTITY NAME GOES ON MY CERTIFICATE OF INSURANCE FOR AN EXTERIOR SERVICES FRANCHISE?
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Dryer Vent Wizard SPV LLC, its parents, subsidiaries, affiliates, successors, and assigns.
DO I NEED WORKERS' COMPENSATION FOR A WINDOW CLEANING OR GARAGE DOOR FRANCHISE?
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For Dryer Vent Wizard, yes — the FDD requires workers' compensation regardless of whether your state mandates it. This protects you from paying out of pocket if a technician is injured.
WHAT DOES THE FDD SAY ABOUT INSURANCE FOR EXTERIOR HOME SERVICE FRANCHISES?
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The Dryer Vent Wizard FDD lists required general liability, auto, workers' compensation, cyber, and crime limits, plus additional insured, waiver of subrogation, and primary and non-contributory language. It permits an umbrella to satisfy the limits.
DOES MY STATE REQUIRE ADDITIONAL BONDING FOR WINDOW, GLASS, OR GARAGE DOOR CONTRACTORS?
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Some states and municipalities require a contractor license bond. The Dryer Vent Wizard FDD does not require a bond. Check your state contractor board, since bonding is separate from insurance.
WHAT HAPPENS IF A GARAGE DOOR OR DRYER VENT JOB I COMPLETED CAUSES HARM A MONTH LATER?
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That is a completed-operations claim. Your general liability must include products and completed operations to respond after the job is done. The FDD requires it inside the GL limit.
ARE MY SUBCONTRACTORS COVERED UNDER MY POLICY WHEN I SUB OUT OVERFLOW JOBS?
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Only if your GL includes independent contractors liability and you collect certificates from your subs. Without it, a sub's work can be excluded.
WHAT IS INLAND MARINE COVERAGE AND DO EXTERIOR SERVICE FRANCHISEES NEED IT FOR EQUIPMENT?
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Inland marine covers tools and equipment wherever they travel — in the van or at a job site. It is recommended, sized to your actual equipment value, because standard property coverage does not follow gear off a fixed location.
WHAT HAPPENS AT MY WORKERS COMP AUDIT IF I USED SUBS OR HIRED EXTRA CREW FOR A COMMERCIAL JOB?
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The carrier reviews your actual payroll and subcontractor payments at year-end and adjusts the premium. If you paid uninsured subs, that cost can be added to your exposure base. This is an audit adjustment, not a claim denial.
GET YOUR DRYER VENT WIZARD POLICY REVIEWED BEFORE YOU BIND
Before you sign, walk through this checklist. First, confirm the certificate names Dryer Vent Wizard SPV LLC, its parents, subsidiaries, affiliates, successors, and assigns as additional insured. Second, verify your general liability includes products and completed operations, since your fire exposure surfaces after the job. Third, check that the policy is primary and non-contributory and carries the waiver of subrogation. Fourth, confirm crime coverage includes the client's property endorsement for theft from customer homes. Fifth, if you sub out overflow work, confirm independent contractors liability is on the GL. Sixth, match your limits to any commercial certificate requirements before you bid the account, not after.
If you sub out peak-season jobs, ask your agent to confirm in writing that your subcontractors are covered and that you are collecting their certificates — this single step prevents the most common denied claim in this trade.
SUBCONTRACTOR RISK
A LAPSED SUB CERTIFICATE IS INVISIBLE UNTIL YOUR CARRIER FINDS IT
Most home service franchisees use independent contractors or 1099 workers at some point. The coverage gap this creates is not obvious until a claim surfaces. When a certificate lapses, your carrier invokes the subcontractor exclusion in your general liability policy. The work was done. The damage is real. The coverage is not there.
Rikor's subcontractor compliance monitoring tool tracks subcontractor certificates in real time. When a certificate lapses, you know before the next job starts — not after the claim comes in.
WADE MILLWARD, CIC
Founder & CEO · Rikor Insurance
Wade Millward has spent 18 years specializing in franchise insurance. He holds the Certified Insurance Counselor (CIC) designation and has reviewed hundreds of franchise disclosure documents across home service, food service, and commercial franchise verticals. He has built coverage programs for Authority Brands franchisees across electrical, HVAC, plumbing, and restoration trades.